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Business, 10.10.2019 16:10 Emilyvite6251

At year end, mayce co. held investments with the intent of selling them in the near term. the investments consisted of $300,000, 9%, seven-year bonds, purchased for $278,000, and other debt securities purchased for $75,000. at year end, the bonds were selling on the open market for $320,000 and the other debt securities had a market value of $90,000. what amount should mayce report as trading securities in its year-end balance sheet?

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